Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
And smartwatch payments, the once essential item could become a thing of the past. Good morning. Its goals galore for chelsea and signs of lift off this season, as they beat barrow 5 0. All the Premier League sides in action avoiding an upset in Last Nights League Cup. A dry start to the day for many. A few showers around. When wilful on areas already saturated. All of the details shortly. When will all. Its wednesday, 25th september. Labours first Party Conference since the party was elected injuly is due to come to a close this afternoon, with the Prime Minister promising delegates that change is on the horizon. Today the focus will be on the scrapping of the Winter Fuel Payment for pensioners, and the debate from unions to reverse it. Our political correspondent Helen Catt sent this report. Applause. It was the first time in 15 years that a sitting Prime Minister had addressed labours Party Conference. In his speech, Sir Keir promised the country that change was coming. I know that
Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
Reeves, who while saying there were difficult decision to come she was trying to say we have a plan for a better Future And Thatis plan for a better future and that is exactly the tone of Keir Starmer ll speech today, as we expect it to be. So we will talk about light at the end of the tunnel. He will talk about a shared struggle. What they are trying to do in light of the criticism about being overly gloomy is explain to the country they are not just about doom, they have a plan and a vision, for things to get better and the centre of that is they say about economic stability, if they can stabilise the economy and get it growing, they are making the argument that Everybody Willent up argument that Everybody Willent up feeling better off and it will filter down to public services and the pound in your pocket. That is the narrative of the speeches today, but the other Point Worth mentioning there isnt a huge amount of policy, so they are trying to sell a story and the Style And Tone of